Recent price action around 160.00 shows bearish divergence on the RSI, hinting that the uptrend may be losing steam. Key Technical Levels to Watch

158.88 (previous resistance-turned-support) and 157.64 (major trendline support).

159.83 (recent highs) and the critical 160.00 barrier.

If the BoJ adopts a more aggressive or hawkish tone today, it could reinforce short-term downside pressure.

The pair is currently trading near as of early Tuesday morning. Market sentiment is cautious ahead of today’s BoJ interest rate decision and Wednesday's Federal Reserve meeting. 1 USD equals As of Apr 28, 05:17 GMT+3 • Disclaimer Apr 28, 2026 03:00 - 05:17 Buy or Sell Perspectives Buy Arguments (Bullish Outlook):

Some algorithmic forecasts predict a continued climb through 2026, reaching as high as 170.00 by year-end. Sell Arguments (Bearish Outlook):

For , the USD/JPY forecast remains caught in a structural standoff near the 159.50 level, balanced between upward pressure from yield differentials and downward pressure from Bank of Japan (BoJ) intervention risks. Market Summary & Snapshot

Traders are wary of the psychologically critical 160.00 line, where previous intervention by Japanese authorities has triggered sharp pullbacks.